Europeans protest austerity at May Day rallies

Hundreds of thousands of workers across southern Europe protested against spending cuts at May Day rallies on Tuesday, before weekend elections in Greece and France where voters are expected to punish leaders

Cyprus – Eight years in the EU

Cyprus’ accession to the EU, eight years ago, signaled a momentous milestone in the island’s history. Cyprus joined the EU on May 1st 2004, along with other nine countries from Central and

EU eyes 200 bln euro growth plan

The European Union is working on a plan to pump 200 billion euros ($265.19 billion) in investment into infrastructure, green energy and high technology, Spanish daily El Pais said on Sunday, quoting

Spain in recession as austerity bites

Spain's economy slipped into recession in the first quarter, data showed on Monday, with deep government spending cuts to reduce a massive public deficit and troubles in the banking sector likely to